AMETEK INC/ (AME): debt financing — AMETEK expands revolver to $3.5B and adds $4B term loan for Indicor acquisition

AMETEK INC/

Revolver increased from $2.3B to $3.5B; maturity extended to June 9, 2031.
New $4.0B term loan (three tranches: $1.625B/3yr, $1.625B/4yr, $750M/5yr) to fund Indicor acquisition.
Bridge financing commitments of $5.0B automatically terminated upon entering new facilities.
Covenants include max total net leverage ratio or min interest coverage ratio.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

AMETEK INC/ amended revolving credit of from $2.3 billion to $3.5 billion with JPMorgan Chase Bank, N.A. and J.P. Morgan SE, as administrative agent, and Bank of America, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as co-syndication agents maturing June 9, 2031.

Instrument: revolving credit
Principal: from $2.3 billion to $3.5 billion
Counterparty: JPMorgan Chase Bank, N.A. and J.P. Morgan SE, as administrative agent, and Bank of America, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as co-syndication agents
Maturity: June 9, 2031
Event: amendment

Exact text from the filing

The Revolving Credit Agreement increases the aggregate amount of the lenders' commitments to make revolving loans (“Revolving Loans”) from $2.3 billion to $3.5 billion and extends the maturity date to June 9, 2031

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

AMETEK INC/ incurred term loan of up to $4.0 billion with Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as syndication agents at a rate equal to either a Term SOFR rate or an alternate base rate, in each case,.

Instrument: term loan
Principal: up to $4.0 billion
Counterparty: Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as syndication agents
Rate: a rate equal to either a Term SOFR rate or an alternate base rate, in each case,
Event: incurrence

Exact text from the filing

The Term Loan Agreement provides for a senior unsecured term loan facility of up to $4.0 billion consisting of three tranches: (a) $1.625 billion of term loans that will mature three years from the date on which they are drawn (“Tranche A Loans”), (b) $1.625 billion of term loans that will mature four years from the date on which they are drawn (“Tranche B Loans”) and (c) $750 million of term loans that will mature five years from the date on which they are drawn (“Tranche C Loans”

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AMETEK INC/ terminated bridge financing commitments valued at $5.0 billion (effective 2026-06-09).

Action: termination
Agreement: credit facility
Value: $5.0 billion
Effective: 2026-06-09

Exact text from the filing

As a result of entering into the Revolving Credit Agreement and the Term Loan Agreement, such bridge financing commitments have been automatically reduced and terminated in full.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AMETEK INC/ amended Amended and Restated Credit Agreement with lenders party thereto, JPMorgan Chase Bank, N.A. and J.P. Morgan SE, as administrative agent, and Bank of America, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as co-syndication agents valued at from $2.3 billion to $3.5 billion (effective 2026-06-09).

Action: amendment
Agreement: credit facility
Counterparty: lenders party thereto, JPMorgan Chase Bank, N.A. and J.P. Morgan SE, as administrative agent, and Bank of America, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as co-syndication agents
Value: from $2.3 billion to $3.5 billion
Effective: 2026-06-09

Exact text from the filing

On June 9, 2026, AMETEK, Inc. (the “Company”), together with certain of its foreign subsidiaries, entered into an Amended and Restated Credit Agreement (the “Revolving Credit Agreement”) with the lenders party thereto, JPMorgan Chase Bank, N.A. and J.P. Morgan SE, as administrative agent, and Bank of America, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as co-syndication agents.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AMETEK INC/ entered into Term Loan Credit Agreement with lenders party thereto, Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as syndication agents valued at up to $4.0 billion (effective 2026-06-09).

Action: entry
Agreement: credit facility
Counterparty: lenders party thereto, Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as syndication agents
Value: up to $4.0 billion
Effective: 2026-06-09

Exact text from the filing

On June 9, 2026, the Company also entered into a Term Loan Credit Agreement (the “Term Loan Agreement”), among the Company, the lenders party thereto, Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A., PNC Bank, National Association, Truist Bank and Wells Fargo Bank, National Association, as syndication agents.

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295 debt financings filed in the last 30 days. Browse all debt financings →

AMETEK INC/ filing history →

Source: SEC EDGAR

accession 0001037868-26-000166

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